HARRISBURG, Pa., July 25, 2013 /PRNewswire/ -- On July 1, 2013, Dynamic Healthcare Services, Inc. ("DHS") of Harrisburg, PA, a portfolio company of GMH Ventures LLC ("GMH") announced it was awarded Competitive Bid contracts to service Oxygen patients

Comment

By
PRNewswire
Posted Jul. 25, 2013 @ 4:01 pm

HARRISBURG, Pa., July 25, 2013 /PRNewswire/ -- On July 1, 2013, Dynamic Healthcare Services, Inc. ("DHS") of Harrisburg, PA, a portfolio company of GMH Ventures LLC ("GMH") announced it was awarded Competitive Bid contracts to service Oxygen patients in the Northern New Jersey Metro CBA and the Huntington-Ashland (WV-KY-OH) CBA under The Centers for Medicare & Medicaid Services ("CMS") Competitive Bid Round 2 Program.

"We are extremely excited to begin servicing new clients in these markets," stated Terry Luft, CEO of DHS. "Our management team worked tirelessly to win these contracts and continue our strategic growth plan into new geographic areas," finished Luft.

Michael Holloway, President of GMH, stated, "DHS provides a comprehensive range of home oxygen, sleep apnea and other medical equipment to a large portion of the Pennsylvania market. With these new Competitive Bid contracts, we will expand our focus into Northern New Jersey and the Huntington-Ashland markets and continue to explore new HME sales, subcontracting and acquisition opportunities," finished Holloway.

DHS is actively pursuing new oxygen subcontracts and various acquisition opportunities in both the Northern NJ and Huntington-Ashland CBAs. For additional inquiries and follow up information, please contact Terry Luft (717-657-2100 or tluft@centralmedicalpa.com).

About DHS:DHS is a leading provider of home medical equipment, respiratory therapy products and services, along with complex rehabilitation products and services. Our commitment to our customers, superior products and outstanding service are what separates us from other medical suppliers and distributors. DHS was formed in 2000 as the parent company to Central Medical Equipment (Harrisburg) and East Suburban Medical Supply (Pittsburgh), which were originally incorporated in 1981 and expanded during 2012 with the acquisitions of HomeTown Oxygen, Pittsburgh LLC, Evanko Respiratory, Inc and APO2 Inc. DHS has grown over the past decade to become a strong regional distributor and provider of home medical equipment, respiratory therapy products and services, and complex rehabilitation products and services in the western and central PA markets.

About GMH Ventures:GMH Ventures is a private equity group, headquartered in Newtown Square, PA. Founded by Gary M. Holloway, Sr. as a vehicle to make controlling equity investments in middle-market companies, GMH Ventures is committed to making long-term investments in companies in the manufacturing, distribution and services industries that have strong and experienced in-place management. Being solely owned, GMH Ventures has flexibility in its approach and strategy to purchasing, owning and operating its portfolio of companies and is constantly looking for new and exciting opportunities in which to invest. Learn more by visiting www.GMH-Ventures.com today.